Frontwave Credit Union is headquartered in Oceanside and is the 50th largest credit union in the state of California. It is also the 341st largest credit union in the nation. It was established in 1952 and as of June of 2023, it had grown to 257 employees and 122,943 members at 13 locations. Frontwave Credit Union's CD rates are 3X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Frontwave Credit Union is open to those who live, work, or worship in the California counties of Riverside, San Bernadino, or San Diego. Immediate family members of current Frontwave Credit Union members also qualify.
See current membership details
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Easy To Work With
I opened a 6% 18 month Cd in the Escondido branch.
It was very easy and the representative was friendly and accomodating. As my other Cds mature I will buy new ones from Frontline. Very happy with the process
Excellent Service- Great People
I jumped on the 6% cd. I called a specific person that I had dealt with in the past and she reopened my account- no problem. By the end of the afternoon I had all funds transferred and cd opened in my trust. A piece of cake! All efficient people working. there and they remembered me.
A great local credit union
Back when I used to live in California, they had a branch out in Barstow, CA. It was an extremely big building and welcoming. It was also very professional looking, though they had more tellers than necessary at most times. The staff would always greet you with a smile and if you had an issue with filling out paperwork they were happy to help or send me to the appropriate department. I wasn't sure what the tellers were capable of since I was young, but they're very nice to those new to banking. The interest rates for just about anything beat the major banks out there. The one thing they were a decade behind on was an online presence. It looks like they've improved upon that since I was last with them. Their branch is only available in California, but I strongly recommend them. If they are not available to you, they recommended us to fairwinds when we moved and their services are equal. That includes fees for things like an inactive debit card, not meeting your monthly minimum deposit, etc. Either way, it's a good place.
False Credit Reporting
Frontwave Credit Union reported me 30 days late IN ERROR and won’t fix it. They are costing me perfect credit because they don’t want to admit that their online banking system reports incorrect information. I’ve contacted their Call Center and Lending Department, written letters, everything and they refuse to take ownership. Hours of my time and they won’t fix their mistake. Don’t believe the false advertising. Worst part is I used to work here so I know how bad their systems are. This credit Union doesn’t know what they’re doing. Absolutely the worst.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68494 |
| Year Chartered | 1952 |
| Employees | 257 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.18% |
| Return on Equity - YTD | 2.9% |
| Annual Interest Income | $24.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.36B$1.26B |
| Loans | Q2 2023vs Q2 2022 | $926.6MM$771.8MM |
| Deposits | Q2 2023vs Q2 2022 | $1.20B$1.08B |
| Equity Capital | Q2 2023vs Q2 2022 | $87.9MM$91.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$3.3MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $3.8MM$1.9MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
